When the financial year closed there were more FTSE 100 CEOs named ‘Peter’ than women leaders in these roles.
This, say the co-founders of The Pipeline, is simply ‘scandalous’.
Margret McDonagh and Lorna Fitzsimons point out that UK-listed companies are also much more profitable when women make up more than one in three executive roles. That means the British economy and shareholders have missed out on a gender dividend of £47 billion in pre-tax profits, enough money to keep the NHS running for a full five months.
New research published in The Pipeline’s ‘Women Count 2020’ report shows where at least one-third of the bosses are female the profit margin of listed firms is a whopping 10 times that of those without.
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